Deals

Keep up with all of the major leases, investment sales and financing activity in New Jersey.

Professional Services
Voorhees site eyed for redevelopment, Vantage RES says

An area real estate firm has acquired a property along one of Voorhees’ main business corridors, with plans to demolish an existing building to make way for new development.

Industrial
Fully leased, 224,000 sq. ft. warehouse is CenterPoint’s latest N.J. purchase

CenterPoint Properties has expanded its New Jersey holdings with the addition of a 224,000-square-foot industrial building in South Brunswick, executives said Tuesday.

Industrial
Edison developer inks 80,000 sq. ft. lease with logistics firm

A logistics firm has leased more than 80,000 square feet at a newly built warehouse in Edison, developer Wick Cos. LLC announced Tuesday.

Residential & Mixed Use
Lodi apartments fetch $7.75 million, Gebroe-Hammer says

A private investor has acquired a 50-unit garden apartment complex in Lodi, in a nearly $8 million sale brokered by Gebroe-Hammer Associates.

Office
Local firm acquires 9,200 sq. ft. Cherry Hill building, NAI Mertz says

A nearby business will relocate to a 9,200-square-foot office and warehouse building in Cherry Hill, following a sale arranged by a broker with NAI Mertz.

Industrial
Pharma logistics firm takes 64,000 sq. ft. in S. Brunswick, Team Resources says

A logistics firm for the pharmaceutical sector has leased more than 60,000 square feet in South Brunswick, in one of three recent deals announced by Team Resources Inc.

Office
NAI Hanson brokers sale of office condos in Morris Co.

A law firm has acquired two professional office condominiums in Flanders as part of a deal announced this week by NAI James E. Hanson.

Office
Saxum acquires 38,000 sq. ft. Red Bank office building

Developer and investment firm Saxum Real Estate has purchased a well-known, 38,000-square-foot office building in Red Bank, its latest acquisition in the borough in a little more than a year.

Industrial
Bergen flex buildings trade in 1031 exchange, NAI Hanson says

An investor has purchased two adjacent flex industrial buildings in Saddle Brook as part of a recent 1031 exchange, brokers with NAI James E. Hanson said Wednesday.

Office
Marketing firm takes 25,000 sq. ft. in Florham Park, Avison Young says

A marketing firm is set to relocate its New Jersey office within Morris County as part of a 25,000-square-foot lease announced Tuesday by brokers with Avison Young.